Call reports 2022
FREEDOM BANK — 2022
What FREEDOM BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 |
|---|---|---|---|
| Total assets | 222,666,000 | 216,177,000 | 201,980,000 |
| Total loans | 131,593,000 | 122,154,000 | 118,050,000 |
| Allowance for loan losses | 1,118,000 | 1,120,000 | 1,120,000 |
| Securities available for sale | 6,735,000 | 5,866,000 | 5,707,000 |
| Securities held to maturity | 28,787,000 | 31,622,000 | 31,080,000 |
| Trading assets | 4,806,000 | 4,678,000 | 4,667,000 |
| Total deposits | 169,091,000 | 162,353,000 | 150,429,000 |
| Interest-bearing deposits | 98,561,000 | 88,404,000 | 79,546,000 |
| Noninterest-bearing deposits | 70,530,000 | 73,949,000 | 70,883,000 |
| Equity capital | 21,805,000 | 21,990,000 | 22,015,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 |
|---|---|---|---|
| Interest income | 1,566,000 | 3,270,000 | 5,196,000 |
| Interest expense | 163,000 | 322,000 | 492,000 |
| Net interest income | 1,403,000 | 2,948,000 | 4,704,000 |
| Noninterest income | -111,000 | -148,000 | -65,000 |
| Noninterest expense | 1,168,000 | 2,335,000 | 3,823,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 118,000 | 459,000 | 810,000 |
| Income tax | 20,000 | 93,000 | 171,000 |
| Net income | 98,000 | 366,000 | 639,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 |
|---|---|---|---|
| Tier 1 capital | 21,870,000 | 22,137,000 | 22,153,000 |
| Total capital | 22,988,000 | 23,257,000 | 23,273,000 |
| Risk-weighted assets | 169,232,000 | 161,441,000 | 162,494,000 |